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On October 1, 2017, the Luna Company acquired 9% bonds of Stellar Industries with a face value of $400,000, for $412,000 plus accrued interest. On
On October 1, 2017, the Luna Company acquired 9% bonds of Stellar Industries with a face value of $400,000, for $412,000 plus accrued interest. On June 30 and December 31, interest was paid. Which of the following was the way Luna recorded the initial bond investment to be held-to-maturity? Investment in held-to-maturity debt securities $412,000 Interest income $9,360 $421,360 Cash o Investment in held-to-maturity debt securities $412,000 $9,000 Interest income $421,000 Cash $421,000 Investment in held-to-maturity debt securities $421,000 Cash Investment in held-to-maturity debt securities $412,000 $412,000 Cash
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